A. Schulman Net Income Rises 48% on Higher Selling Prices

10:00 AM MST | January 6, 2012 | Vincent Valk

A. Schulman’s fiscal first-quarter net income rose 48% year-on-year, to $13.6 million, or 46 cts/share, on sales up 4.4%, to $517.3 million. The sales increase was driven by higher selling prices, which offset a 9.2% drop in volumes, on a pound basis. The company’s fiscal first-quarter ended on November 30, 2011. Net sales rose 1.8% in Europe, the Middle East, and Africa (EMEA), to $352.9 million, 11.2% in the Americas to $128 million, and 8.3% in Asia Pacific to $36.4 million. In the Americas, the increase was driven by a shifting in the...